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that's not case right now. >> particularly in the lower interest rate environment, too. >> right. >> what do you want to look at next week, rick? what's on your radar in. >> 66 billion in sly. 3s, 10s, 30s, tuesday, wednesday and thursday, of course, as many guests have mentioned. retail sales, the big data point, but i always like to monitor supply and see how investors are looking at a slightly higher rate environment to some of the auctions towards the end of 2012. >> that's a good point. how do you think name packets the market, all the new supply coming on? >> well, actually i think it may refocus the argument because even though 195, as our guests said, below the inflation rate, still better than the 140 to 160 area we traded at for a large part in the middle of 2012. >> brian rehling, what's your take? >> you know, i'm sure there will be pretty good demand next week in the short term, but when you're look to allocate your money, even if interest rates stay low and we don't get a rise in yield, you know, there's no money to be made over there. you're working on such slow yields
that's not case right now. >> particularly in the lower interest rate environment, too. >> right. >> what do you want to look at next week, rick? what's on your radar in. >> 66 billion in sly. 3s, 10s, 30s, tuesday, wednesday and thursday, of course, as many guests have mentioned. retail sales, the big data point, but i always like to monitor supply and see how investors are looking at a slightly higher rate environment to some of the auctions towards the end of 2012....
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Feb 4, 2013
02/13
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then if you look at the regulatory environment, it isn't healthy. you have to say we're constrained as far as providing credit to consumers. all in all, i think it's hard to put a bold case together that's relying on fundamentals. >> what about that? is that rally about the fed and not the fundamentals? >> yes to some extent. but i'm advising my clients that optimism rules the day. and in fact, i see equity prices and higher equity prices and bond yields being recurring themes through 2013? >> when do you expect rates to start moving up? if we start seeing rock bottom rates actually move in step with economic improvement? >> well, i don't think either of the markets the bond market or the equity markets with the economic improvement to be honest with you. negative gdp growth last week. >> what would be the catalyst to move? >> i think the catalyst to move interest rate is higher equity prices. inverse relationship, right? we'll go up because informsers need to come back on fixed income. on days like today, obviously my clients and their -- and me as
then if you look at the regulatory environment, it isn't healthy. you have to say we're constrained as far as providing credit to consumers. all in all, i think it's hard to put a bold case together that's relying on fundamentals. >> what about that? is that rally about the fed and not the fundamentals? >> yes to some extent. but i'm advising my clients that optimism rules the day. and in fact, i see equity prices and higher equity prices and bond yields being recurring themes...
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Feb 5, 2013
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>> we need to focus on creating an environment that fosters competition. ultimately until we have new methodologies like rapid ratings and others approaching the market in different ways, new revenue models, not being paid by issuers where there's a potential conflict of interest but paid by subscribers. all these things need to be fostered and we need to make sure we're not creating barriers that makes small firms say i don't want to be in this market. >> there's so many hurdles and barriers that can't be explained in a 4:00 tv segment. >> i don't like them but have to use them legally because pension funds may have rules that say i can't buy anything unless it's rated by one of the two or big three nrsros. >> really nailed it. >> it's a bizarre circle. >> the public fiduciary and pension funds that have funds that go into the money managers that help prop up the system, you believe the board of trustees of those pension funds or pensioners whose money managed say this does not work anymore and we cannot be relying on these agencies that are alleged fraud
>> we need to focus on creating an environment that fosters competition. ultimately until we have new methodologies like rapid ratings and others approaching the market in different ways, new revenue models, not being paid by issuers where there's a potential conflict of interest but paid by subscribers. all these things need to be fostered and we need to make sure we're not creating barriers that makes small firms say i don't want to be in this market. >> there's so many hurdles...
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Feb 4, 2013
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that's been a help as the commodity environment get more benign. the interesting thing is the before tax earnings were up about 22% but we paid a higher tax rate. we paid about 34% in taxes. all in all top line strong volume growth. great margin expansion. and the earnings followed that. >> so what about 2013? how's it looks? what would you expect? a lot of analysts out there question whether or not the sustainability of this organic growth is on track. so how do you ensure that it will? >> if you go back the last 18 months we've averaged at the top of our 3% to 5% top line target that we've had with the investment community. 18 months we've done this. as we look into the second half of the year, we're comfortable where the consensus is. 3% growth. we're going to lap almost 6% growth from last year in this period of time. you mentioned the flu at the outset of the session here. the flu is probably about 10% of our growth in the quarter. it wasn't that much, frankly. i think you'll see more of that manifesting itself into february and march. i think
that's been a help as the commodity environment get more benign. the interesting thing is the before tax earnings were up about 22% but we paid a higher tax rate. we paid about 34% in taxes. all in all top line strong volume growth. great margin expansion. and the earnings followed that. >> so what about 2013? how's it looks? what would you expect? a lot of analysts out there question whether or not the sustainability of this organic growth is on track. so how do you ensure that it will?...
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Feb 4, 2013
02/13
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and you're going to have a high cash yielding because that's pretty low interest rate environment. you win that way and take the portfolio public, sell it to a financial institution, so, you kind of win either way. the downside is being able to manage the homes. a lot of people have that on their mind. we have a company to handle that. we make concentrated buys in certain markets. in atlanta, we are buying a lot of homes, in las vegas we are. >> tom, thank you so much for coming back. home to see you again. tom shapiro. b.k., you are out of home builders entirely. why? >> the value is buying the physical houses at this point. wall street's been on this trade for a year. i'm out of xhb. i think you can be out of home depot and lowe's. >>> coming up next, a round of hold 'em or fold 'em. and we go off the charts to determine whether a new financial threat to the u.s. is emerging in europe. back right after this. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1
and you're going to have a high cash yielding because that's pretty low interest rate environment. you win that way and take the portfolio public, sell it to a financial institution, so, you kind of win either way. the downside is being able to manage the homes. a lot of people have that on their mind. we have a company to handle that. we make concentrated buys in certain markets. in atlanta, we are buying a lot of homes, in las vegas we are. >> tom, thank you so much for coming back....
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we couldn't control the economic environment. we stuck to what we knew how to do best, deliver great food, exceed guest expectations and keep building upon the brands. liz: and deliver it at a price that would be at least focused for somebody who might be unemployed, maybe picks one night a week to go out to dinner. how different is it today, luring people into your restaurant, compared to say just about a year ago? is it easier? i think the environment, and i have said this a million times, is still lumpy and bumpy. unemployment is still high. consumers still have hesitation. certainly with the new tax bracket. i think what is really says is, you have to deliver the absolute best experience that you can and that is exactly what we're doing and obviously today was national pancake day. sort of provides us a unique opportunity because it is number one day of the year. we have people coming into ihop restaurants today than any other day of the year. it is a unique opportunity to showcase the best and brightest. >> you're giving awa
we couldn't control the economic environment. we stuck to what we knew how to do best, deliver great food, exceed guest expectations and keep building upon the brands. liz: and deliver it at a price that would be at least focused for somebody who might be unemployed, maybe picks one night a week to go out to dinner. how different is it today, luring people into your restaurant, compared to say just about a year ago? is it easier? i think the environment, and i have said this a million times, is...
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solve problems for all types of pros and applications and service to storage admin, virtualization environment, and we have done a nice job in creating brand and awareness among i.t. pros and beating the competitors on a daily basis. liz: doing it in international markets which is fascinating. numbers up 27%. i need you to break up europe right now. there's an opportunity there, weakness in the macro picture, but what are you seeing when it comes to what's happening in europe? >> yeah, we 4 a strong year in europe in 2012, one the strongest growth years we had in a very long time, grew over 50% in europe, and that strength extended across the year, every quarter in 2012 was strong in europe. while other software companies struggled in europe, blaming, you know, the result and maybe lack of meaning analysts' expectation, we met every number. we think we have a great opportunity there. we just begun to scratch the surface of that market. we are small in germany and eastern europe, but showing growth. we feel good about the market, feel like we have the competitive advantage, and traded a lot of
solve problems for all types of pros and applications and service to storage admin, virtualization environment, and we have done a nice job in creating brand and awareness among i.t. pros and beating the competitors on a daily basis. liz: doing it in international markets which is fascinating. numbers up 27%. i need you to break up europe right now. there's an opportunity there, weakness in the macro picture, but what are you seeing when it comes to what's happening in europe? >> yeah, we...
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Feb 8, 2013
02/13
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higher interest, whether or not stocks go up in that environment. back re going to send you now to a place where the weather should be much better. us want to be there i think. mr. kernen. >> oh, thanks, andrew. coming up our newsmaker of the hour, famed corporate leader carol bartz is going to speak out on yahoo! apple and much more. plus the northeast bracing for a major winter storm. 2600 flights already grounded. forecasters warning that this storm could be among the worst ever. although it is winter. a live report from laguardia when we return. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. >>> welcome back to "squawk" this friday. take a look at how the futures are setting up ahead of the market. dow looks like it would open up about 4, nasdaq up about 2, and the s&p up about a point. also in the headlines, the northeast bracing for a winter storm called nemo. and it looks like a bad one. 2600 flights alrea
higher interest, whether or not stocks go up in that environment. back re going to send you now to a place where the weather should be much better. us want to be there i think. mr. kernen. >> oh, thanks, andrew. coming up our newsmaker of the hour, famed corporate leader carol bartz is going to speak out on yahoo! apple and much more. plus the northeast bracing for a major winter storm. 2600 flights already grounded. forecasters warning that this storm could be among the worst ever....
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is the cost for that financial crisis solution which is austerity meaning very lackluster economic environment unlikely to see any acceleration there. so look forward is where we see the weaker picture again not the end of a bull market. i think that that would be only the case if maybe pes were around 17 or 18 where they usually are. still have room ahead. >> let me jump up. let me jump in because we have a less than 30 seconds. you heard suzanne's package individual investors feel like i have to get into this market because i don't want to miss out. quickly what are you telling your investors what they should do and still be safe about it real quickly. >> there were good opportunities to buy on the pullback, we don't see a bear market. you want to look to buy industrial stocks from the manufacturing recovery home builders from that long-term uptick in housing activity those are good places to add as the market pulls back. >> we'll see how it plays out, thanks. jeff kleintop chief market strategist at lpl financial. >> tom: stocks weren't the only market seeing some selling pressure. silver s
is the cost for that financial crisis solution which is austerity meaning very lackluster economic environment unlikely to see any acceleration there. so look forward is where we see the weaker picture again not the end of a bull market. i think that that would be only the case if maybe pes were around 17 or 18 where they usually are. still have room ahead. >> let me jump up. let me jump in because we have a less than 30 seconds. you heard suzanne's package individual investors feel like...
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Feb 5, 2013
02/13
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is the cost for that financial crisis solution which is austerity meaning very lackluster economic environment unlikely to see any acceleration there. so look forward is where we see the weaker picture, again not the end of a bull market. i think that that would be only the case if maybe pes were around 17 or 18 where they usually are. still have room ahead. >> let me jump up. let me jump in because we have a less than 30 seconds. you heard suzanne's package, individual investors feel like i have to get into this market because i don't want to miss out. quickly what are you telling your investors what they should do and still be safe about it, real quickly. >> there were good opportunities to buy on the pullback, we don't see a bear market. you want to look to buy industrial stocks from the manufacturing recovery, home builders from that long-term uptick in housing activity, those are good places to add as the market pulls back. >> we'll see how it plays out, thanks. jeff kleintop, chief market strategist at lpl financial. >> tom: stocks weren't the only market seeing some selling pressure. si
is the cost for that financial crisis solution which is austerity meaning very lackluster economic environment unlikely to see any acceleration there. so look forward is where we see the weaker picture, again not the end of a bull market. i think that that would be only the case if maybe pes were around 17 or 18 where they usually are. still have room ahead. >> let me jump up. let me jump in because we have a less than 30 seconds. you heard suzanne's package, individual investors feel...
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. >> are we in a new kind of environment? >> i think there's some program selling. the dow 14,000, a lot of institutions might say, okay, enough is enough. let's do some lock-in. i think we always have to return to earnings. earnings have been surprisingly strong. we are now seeing deal flow. the dell deal, virgin media deal. i think they put a floor on the market. >> yeah. >> the deals themselves you think? >> yes. >> as a reflection of confidence? as a reflection of what? >> you know, virgin media, david and i were looking at the chart before this. virgin media, this stock was at 23 in june. and people didn't think it was too high then. and they don't think it's too high now. very smart coming in. >> we could see a deal above 50 bucks a share. >> 50? >> i don't know. that's david faber just saying, according to a bunch of my hedge fund guys, hoping. we may get a deal today. >> use third person for yourself. >> i did. >> jim cramer said david faber said it's 50, could be 50. >> bo jackson used to do that a lot, too, didn't he. he had a reason to. because he was the
. >> are we in a new kind of environment? >> i think there's some program selling. the dow 14,000, a lot of institutions might say, okay, enough is enough. let's do some lock-in. i think we always have to return to earnings. earnings have been surprisingly strong. we are now seeing deal flow. the dell deal, virgin media deal. i think they put a floor on the market. >> yeah. >> the deals themselves you think? >> yes. >> as a reflection of confidence? as a...
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i just want to understand, though, is there a new environment there washington now? because we've been talking about the perception that you and the democrats and the president are working to the better. would you characterize it that way or not? >> well, i certainly hope so. you know, again, and the difficulty in working with the president thus far has been that he's not demonstrated a commitment to try to do something about the out-of-control spending. and we know it's all connected to the entitlement growth in this country, and it seems as if he's not willing to tackle that. we remain committed to working with him, and i hope that he can lead. you know, listen, i know that our international allies are looking for america to get its fiscal house in order so that they can see a better day in their country. we've got folks here at home that we want to help. and that's why we're taking the positions that we do. and today, i want to talk about how we can help folks see a better path to a bretter future and that's through innovative and solid proposals to improve prospe
i just want to understand, though, is there a new environment there washington now? because we've been talking about the perception that you and the democrats and the president are working to the better. would you characterize it that way or not? >> well, i certainly hope so. you know, again, and the difficulty in working with the president thus far has been that he's not demonstrated a commitment to try to do something about the out-of-control spending. and we know it's all connected to...
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with all the talk i think of climate and environment, i think companies are obligated to go forward. we'll see where it goes but it's a great vehicle. yes, i think it was important. i think it is important. it's a great car. liz: you were there at the level where the government was stepping in and charlie gasparino believes, he wrote a column and he said the government just wanted to control general motors and make it government motors. when will the taxpayer be made whole in all of this? the stock price was ipo'd at $33 a share. we're trading below that. >> i would like to say the government didn't help us much except for money. they let management run the company. they did a great job. they didn't look over our should. liz: you didn't get calls? >> we didn't get calls. they are terrific letting us do it. it is mostly paid back. there is some to go. i think gm should pay it all back. they will overtime. somebody will figure out how to do that before long. i thought they should have sold it, the government should have sold the entire stake. it is our stake, yours and mind as taxpayer
with all the talk i think of climate and environment, i think companies are obligated to go forward. we'll see where it goes but it's a great vehicle. yes, i think it was important. i think it is important. it's a great car. liz: you were there at the level where the government was stepping in and charlie gasparino believes, he wrote a column and he said the government just wanted to control general motors and make it government motors. when will the taxpayer be made whole in all of this? the...
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Feb 8, 2013
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but i do think it's a choppy, challenging environment out there. even for quick service. quick service does happen to hang in there a little better than the higher priced categories like full-service casual dining, for example. >> andy, thanks a lot. >> thank you. >> talking mcdonald's over at jefferys. >> in the northeast, the winter storm nemo, which is bowling towards us. jackie dean gel lis has the latest states on the storm. >> good morning, simon. let me just give you an update outside here first. the snow started coming down around 7:00 a.m. three hours later, we've got a wintry mix on our hands. but things actually aren't so bad. people commuting to and from work at this point. also checking out some of the other travel statistics out there. according to flight aware.com, about 4,125 flights have been suspended between yesterday, today, and also tomorrow, in preparation for winter storm nemo. which at this point is looking to potentially give us two feet of snow on parts of the northeast. and also, 12 inches of snow in new york city, where we are under a blizzard
but i do think it's a choppy, challenging environment out there. even for quick service. quick service does happen to hang in there a little better than the higher priced categories like full-service casual dining, for example. >> andy, thanks a lot. >> thank you. >> talking mcdonald's over at jefferys. >> in the northeast, the winter storm nemo, which is bowling towards us. jackie dean gel lis has the latest states on the storm. >> good morning, simon. let me just...
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Feb 11, 2013
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so can you move forward and say no matter what the environment if we hire smart people we can figure this out? >> absolutely. if we continue to hire smart people, continue to execute and continue to deliver for our clients we'll continue to do well for the shareholders. liz: some of the numbers that look so good you got them by slicing and dicing compensation in certain regards. are you done with that? when you do something like that does it affect your ability to recruit? >> we made lots of different changes in your business over last five years. it is not just compensation. it is headcount. it is geographical footprint. it is outsourcing. >> are you done for 2013. >> i don't know if we're ever done. it is one of the things in our business it is always difficult to predict what size you need to be. i said this many times before. we're never perfectly sized. we're too big at the bottom. we're too small at the top. we're never just in the perfect moment where we're right-sized. we'll continue to modulate the size of our firm based on the opportunity. liz: is goldman right-sized for a
so can you move forward and say no matter what the environment if we hire smart people we can figure this out? >> absolutely. if we continue to hire smart people, continue to execute and continue to deliver for our clients we'll continue to do well for the shareholders. liz: some of the numbers that look so good you got them by slicing and dicing compensation in certain regards. are you done with that? when you do something like that does it affect your ability to recruit? >> we...
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Feb 7, 2013
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again, i point out that january, someone back in the retail environment all my life, january, the one month that i don't care about. i care about the other 11. anyway, head to the bond pits, rick san telly, the cme group r. >> yesterday talk about the ten-year note yield, the past year and a half, closing base circumstance in the six basis point range, from 195 basically to 201. really, that hasn't changed, the two-day chart of tens shows you we briefly did trade under 195, use that as the pivot, remember, closed at 176 the end of last year, basically up now 19 to 20 basis points the. might sound like a lot. anybody who traded bonds in a bygone day, know that used to be half a day's range. boone's, 160 as their pivot, very similar pattern. let's switch gears bit. we know the euro a 14-month high against the green back and closer to a three-year high against the yen. doesn't seem like mario draghi's single pillar central bank or not is please about the recent strength. think exports here. his comments? look what they did the euro versus the dollar this chart, look at the euro versus th
again, i point out that january, someone back in the retail environment all my life, january, the one month that i don't care about. i care about the other 11. anyway, head to the bond pits, rick san telly, the cme group r. >> yesterday talk about the ten-year note yield, the past year and a half, closing base circumstance in the six basis point range, from 195 basically to 201. really, that hasn't changed, the two-day chart of tens shows you we briefly did trade under 195, use that as...
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Feb 5, 2013
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now, when you're talking about human lives, and you're talking about toxicity in the environment, i find it completely hypocritical that you care about the poor people with regard, oh, today, to their jobs and how are they going to heat hirtheir homes. you don't care about their health and you certainly don't want to pay for their health care once they're having any kind of a toxic respiratory problem due to carbon and emissions in the future, and that will happen. >> leslie, i'm not even sure what you're trying to say here. we have medicaid. that pays for people who can't afford health care. of course, i'm sure you know we have obama care which i know you support. the reality is the energy driven recovery of this economy can exist. you just heard president obama in his press conference refer to energy as being a source of economic growth which it can be, and it can be done responsibly. this kind of dire well, if you're for energy, you're against clean air and water, that's kind of a false choice that i think the left purports. they suggest they want to help. let's look at the war on coa
now, when you're talking about human lives, and you're talking about toxicity in the environment, i find it completely hypocritical that you care about the poor people with regard, oh, today, to their jobs and how are they going to heat hirtheir homes. you don't care about their health and you certainly don't want to pay for their health care once they're having any kind of a toxic respiratory problem due to carbon and emissions in the future, and that will happen. >> leslie, i'm not even...
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Feb 9, 2013
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we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪
we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪
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that's the environment we are in, erasing losses from yesterday. 130 points down yesterday, and today, gainedded 104. dennis: the worst day of the year so far. nicole, thank you very much, that was monday. the day of reckoning may be here for ratings companies. the u.s. justice department filing suit against s&p over its role in the mortgage crisis. >> to date, we've identified $5 billion in such losses resulting in cdos rated by s&p between march and october 2007. during this period, nearly every single mortgage backed cdo rated by s&p not only unperformed, but failed. cheryl: the smoking gun in this case may turn out to be an ill-advised parody of "burning down the house." court documents refer to an unidentified analyst performing an off beat panelist of the 80s hit while co-workers laugh and homeowners and investors lost billions. we are joined by the head of the financial services at goldberg, and this analyst, this is part of the lawsuit filed against s&p. these comments, "burning down the house" while homes were lost across this country. is that criminal activity? >> in and of
that's the environment we are in, erasing losses from yesterday. 130 points down yesterday, and today, gainedded 104. dennis: the worst day of the year so far. nicole, thank you very much, that was monday. the day of reckoning may be here for ratings companies. the u.s. justice department filing suit against s&p over its role in the mortgage crisis. >> to date, we've identified $5 billion in such losses resulting in cdos rated by s&p between march and october 2007. during this...
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future federal agents and police may have undetectable drones that can drive, fly, swim into nearly any environment. >> there may be as many as 30,000 unmanned vehicles in the air. >> professor nathan busch says designers are modeling the newest drones on nature. >> so mimicking the actions of insects, the way that they crawl, for example, or fly. >> reporter: they may be so small and agile the drones could access tight spaces, impossible for police to get to today. when the army was funding research into small robotic birds, we got a good look at each other. >> reporter: right now the hummingbird can only fly a little more than 10 minutes. at that size, imagine what it could do at ten hours. >> it could fly through small clearings, through trees and see inside. >> reporter: if one crashes or the camera fails, developers at the university of pennsylvania already have drones flying in siynchronized formations. in the hostage crises of the future, it could give them a swarm of available replacements. >> reporter: we know defense secretary leon panetta personally approved a request from the fbi to get
future federal agents and police may have undetectable drones that can drive, fly, swim into nearly any environment. >> there may be as many as 30,000 unmanned vehicles in the air. >> professor nathan busch says designers are modeling the newest drones on nature. >> so mimicking the actions of insects, the way that they crawl, for example, or fly. >> reporter: they may be so small and agile the drones could access tight spaces, impossible for police to get to today. when...